Residential first mortgage delinquencies dropped by 287 basis points from 4Q12 to 4.61%.

The third-party servicing portfolio is now $181 billion, up from $177 billion one year prior.

Citiís net income is $2.7 billion for the fourth quarter of 2013, more than double the $1.2 billion earned in 4Q12.

Prior to the earnings release, Citi said it signed a definitive agreement to sell to Fannie Mae $10 billion of mortgage servicing rights, including the majority of the delinquent loans it serviced for the government-sponsored enterprise. This is nearly 20% of all the 60-day or later delinquent mortgages serviced by CitiMortgage.